Posted on 05/03/2015 4:02:11 PM PDT by dennisw
Is this “unexpected”?
I never shop at at any of those stores except Staples and Target. I’ve been to Macy’s once and was really disappointed in the low quality of the merchandise. As far as I’m concerned, these places deserve to die off.
Chains in the retail industry have to adjust occasionally.
Remember Ben Franklin 5 & Dimes? Woolco? Woolworth? A JC Penny on the square in every little town? The local Sears?
UPS and USPS are doing well due to internet buying. Here is a good example. Yesterday I drove 12 miles round trip to buy a certain vitamin I wanted right away. It cost me $18. I can internet order it and get it delivered for $13 and free shipping from pureformulas.com////
https://www.pureformulas.com/
So why would I buy this retail in locale? I won’t be in the future. I just wanted this right away plus it is a nice drive out there to this vitamin/health food store that has stuff that Whole Foods does not
The inevitable result of corporate outsourcing, H1B visas and illegal invasions. All drive wages down, narrow the tax base and lower middle class median wage. So for the time being corporations maximize profits and the market irrationally soars until the middle class’ golden neck has been rung.
As any Russian will tell you, Marxism doesn’t work.
Thanks, Obama,for demonstrating that no one ever learns the lessons of history - especially ignorant, doctrinaire Democrats.
This is going on in New York City right now under commie DeBlasio. Read this blog to see it in action http://queenscrap.blogspot.com/ DeBlasio is arranging many motels/hotels for the homeless and developers (his friends) are getting rich off this
These retailers, for the most part, embrace homosexuality and flaunt it with their staff. I can’t stand it and refuse to take my kids there.
I notice forever 21 isn’t closing
Well it is
I think it is the online shopping. I almost never go to a mall anymore.
Excellent recovery, economy doing better than ever!!
/ end fed propaganda.
If the economy was as rosy as they claim, stores wouldn’t be closing.
queers work cheap
10-4
Interesting list.
This recession was not caused by a decrease in the demand for products...but the influx of cheaper goods by 3rd world countries ...and then the exodus of American companies to those 3rd world markets to stay in business and compete with those 3rd world producers..not hampered by onerous EPA and other federal regulations.. not handicapped by our state and federal tax system and labor that wants a living wage ..
So there are no more middle class jobs to return to.. Even many semi skilled jobs that tried to retrain are gone.. there is no where for the uneducated or high school grad to go to be "middle class".. College grads are waiting tables now ...
Sorry but we have outsourced the American dream
ZeroHedge, where the Great Collapse is always just a day away but never comes.
6,000 stores out of how many total? How many are old stores that have been replaced by new ones in nearby locations? Yes, we have excess retail space. We also have MUCH higher internet sales. The market is adjusting, as always.
We’ve also been in a depression since 2008, this is to be expected. We will continue like this for close to 10 more years, get used to it.
But we won’t collapse, though it’s fine to prepare for that contingency. Just remember to prepare for “muddle through” also, which is much more likely.
Meanwhile taxes continue to go up, higher minimum wages and Obamacare squeeze small and medium businesses out, and higher inflation squeezes the money remaining. Gas will eventually go back up to $4/gallon (and likely $6) which will further squeeze people.
If we just keep pouring in more foreign nationals and others legally, while waving through endless waves of illegals, things should eventually improve.
Part economic downturn - prices up, incomes stagnant.
Part tapped out purchasing - owning too much stuff, not enough space.
Part new alternatives - Amazon, enough said.
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